If you love where you live and don’t want to move, then we recommend improving your house (even if it doesn’t increase the value of your property).
Perhaps you need more bedrooms or wish to extend. If you have no interest in moving, then it is recommended to put time, effort and money into your home.
Not all improvements increase the value of your home
So that home improvement money could be used to upgrade to a better area or a bigger home. This may be a a faster better option as that extra money may bag you the turn key house of your dreams.
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Extensions or other home improvement works can take up a lot of time & money. They may also run over-time and over-budget. Be prepared to live with an inconvenience in your home whilst works are ongoing.
Moving to a new turn-key home, means the work is already done for you.
That said, even if you move home, you will probably still want to make your mark by painting or decorating, installing new windows & doors, install a new boiler, or more.
If you don’t have the time to manage the work, then you will need to recruit the services of a project manager, further adding to the cost.
If you are not set on where you live, the world may be telling you it’s time to move home. Saving you project time & costs
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The cost of materials & labour has gone up too. Take this into account. If there is a house you like, it may cost more, but the home improvements may cost even more. You can check the property price register here.